Ministry Secures 6.8m Euros to Enhance Agricultural Investments

Nov 21 , 2020


The Ministry of Agriculture and the German Agency for International Cooperation (GIZ) have signed a 6.8-million-euro joint project agreement to assist agricultural investments. The joint project, termed Support Responsible Agricultural Investments, is funded by the German Federal Ministry for Economic Cooperation & Development and the European Union. With this project, local government bodies, private sector players, and communities will receive assistance in managing land resources and 511 commercial agricultural investments with greater efficiency, transparency and inclusiveness, according to the German Embassy in Addis Abeba. The project is also expected to benefit 10,750 marginalised households with regard to access to rural lands in the Amhara, Gambela, and Benishangul-Gumuz regional states. It supports local communities in securing their tenure rights. GIZ is an international enterprise owned by the German government operating with close to 90 offices around the globe, and it supports organisations, public authorities and private businesses in different sectors.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email